Hyatt delays peak pricing, extends point validity and announces more Bonus Journeys
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Good news comes in threes, apparently because Hyatt just dropped three major announcements regarding the World of Hyatt programme. If you’ve been dreading the implementation of Hyatt’s peak/off-peak pricing award chart, you can breathe a sigh of relief because Hyatt has once again postponed its change. The new award chart was supposed to go into effect in March 2020 but got pushed to June 2021 due to the pandemic.
Now, Hyatt is delaying the change until mid-October, which is when we’ll start seeing peak/off-peak pricing for stays in March 2022 and beyond.
That’s not the only good news Hyatt just dropped: The World of Hyatt programme is also extending point expiration dates. If you have points expiring by 30 June 2021 they’ll be valid until 31 December 2021.
Hyatt also announced a new Bonus Journeys promotion, offering 3x bonus points on stays of two or more qualifying nights. The promotion is open to all members and applies to stays between 20 July – 15 September 2021. Registration opens 7 July 2021 and is open to all Hyatt members.
Here’s a more detailed look at all three announcements and what they mean for your rewards balance:
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Hyatt’s Peak/Off-peak pricing delay
As anxious as the peak/off-peak award chart made most of us, its implementation may have been a good thing. As you may recall from our initial announcement, this new award chart would drop the cost of some awards by as much as 30% while others would increase by that amount.
If Hyatt had decided to implement this change now, most of us would be looking at peak pricing for much of our summer bookings made at Hyatt hotels. So in that sense, the delay is a positive thing. With travel demand skyrocketing, most awards would probably price out at the peak level.
On the other hand, leisure travel demand will likely drop this fall as more families get back on the school calendar. If Hyatt had implemented off-peak pricing, those of us travelling in the fall might have been looking at lower redemption rates.
In any case, having an extra four months to prepare for such a substantial change is a good thing overall. If you have plans to stay at a Hyatt hotel in March 2022 or beyond, it might be a good idea to secure those bookings before the new award chart goes into effect. If rates later price out at the off-peak level, you can always cancel your reservation and rebook at the lower rate.
Hyatt point expiration delay
If you have points expiring by 30 June 2021, they’ll be valid until 31 December 2021. Hyatt points don’t technically expire, but they are “forfeited” after 24 months of inactivity. With an extra six months, you’ll have more time to keep your hard-earned points intact.
Beyond that period, you can do any of the following to keep your Hyatt points from expiring:
- Receive points (via eligible stays at a participating Hyatt or M life Rewards property)
- Redeem points
- Receive credit with a travel partner or M life Rewards Tier Credits for a stay at a Hyatt hotel or resort
- Gift eligible awards to another member
- Convert Hyatt points into miles to a travel partner
- Buy points
- Combine points with another World of Hyatt member’s account
- Have an active Hyatt card associated with your account
Details on the Bonus Journeys promotion
The Bonus Journeys promotion can be very lucrative if you have upcoming travel with Hyatt this summer and fall. You can earn a maximum of 120,000 bonus points. Normally, World of Hyatt members earn 5 points per $1. With the Bonus Journeys promotion, that goes up to 15 points per $1, excluding elite bonuses.
Overall, these announcements are positive for World of Hyatt members. Not only do members earn triple points as part of the continued Bonus Journeys promotion, but points don’t expire until the end of the year and the dreaded peak/off-peak award chart won’t go into effect until October.
While the pandemic is slowing down and travel is picking up again as millions of people have gotten vaccinated, I know many of you have been concerned about your points devaluing or expiring altogether. It’s nice to see travel brands like Hyatt continue to make customer-friendly moves despite the uptick in travel. Let’s hope that continues and other brands follow suit.
Featured image of the Hyatt Zilara Rose Hall by Benji Stawski/The Points Guy
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